Home > Glossary

Gross Written Premium

Gross Written Premium (GWP)

Definition

The total premium (direct and assumed) written by an insurer before deductions for reinsurance and ceding commissions. Includes additional and/or return premiums. Written does not imply collected, but the gross policy premium to be collected as of the issue date of the policy, regardless of the payment plan.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free